Tata Steel trims capex by 25% to Rs 10,000-cr this fiscal

Last Updated: Thursday, May 21, 2015, 00:32

Tata Steel, which reported a massive Rs 5,674 crore loss in the March quarter due to non-cash write downs, Wednesday said it will spend Rs 10,000 crore in capex this fiscal as it hopes demand conditions to improve over the next few quarters.

RIL to raise Rs 10,000 crore through NCD

Last Updated: Wednesday, May 20, 2015, 18:52

Reliance Industries plans to raise Rs 10,000 crore through a privately placed non-convertible debenture issue to fund its ongoing capital expenditure.

Roads before welfare: PM Narendra Modi faces dissent over spending shakeup

Last Updated: Tuesday, May 19, 2015, 14:24

As Prime Minister Narendra Modi completes one year in office, his cuts in federal welfare spending on the poorest of India`s 1.25 billion people are coming in for sharp criticism, including from within his Cabinet.

Companies' P&L accounts to have separate CSR Expenditure head

Last Updated: Sunday, May 17, 2015, 15:55

If a company spends more than the mandatory two percent of profit for Corporate Social Responsibility (CSR), the excess amount can not be carried forward for any set off against future CSR expenses.

India healthcare providers' IT spend to touch $1.2bn in 2015

Last Updated: Friday, May 15, 2015, 20:25

Software spending is forecast to grow 6.2% to reach USD 103 million USD in 2015.

Coal India to invest $20 billion in 5 years: Goyal

Last Updated: Friday, May 15, 2015, 15:24

State-owned miner Coal India Limited (CIL) will invest USD 20 billion (over Rs 1.27 lakh crore) to increase production to one billion tonne over the next five years, Coal Minister Piyush Goyal said on Friday.

BPCL raises $500 mn to fund capital expenditure

Last Updated: Thursday, April 30, 2015, 17:32

State-owned Bharat Petroleum Corp Ltd (BPCL) Thursday said it has raised USD 500 million through fixed rate unsecured notes to fund its capital expenditure.

Investment on cusp of revival as capex rises

Last Updated: Tuesday, April 7, 2015, 21:42

RBI Governor Raghuram Rajan Tuesday said green shoots are visible in the investment climate, but refrained from commenting on the new CSO series on economic growth numbers.

Cochin Port Trust achieves operational profit of Rs 18.5 cr

Last Updated: Tuesday, April 7, 2015, 18:15

"This is against an operating loss of Rs 20 crore in the previous year. The operating ratio of the organization came down from 105 per cent to 95 per cent," it said.

IL&FS aims to more than triple power generation capacity

Last Updated: Wednesday, March 25, 2015, 19:27

Infrastructure Leasing & Financial Services Ltd (IL&FS) plans to more than triple its power generation capacity in five years, betting on demand for renewable energy sources such as wind and solar in Asia`s third-largest economy.

Coal India to spend Rs 12,000 crore in FY16 for capex, infra

Last Updated: Friday, February 20, 2015, 23:20

State-owned Coal India (CIL) on Friday said it is gearing up to invest about Rs 6,000 crore towards capital expenditure in the next fiscal and an equal amount on augmenting other infrastructure, including rail connectivity.

'Top Indian companies need Rs 1.7 lakh crore over next 3 years for growth'

Last Updated: Sunday, February 8, 2015, 13:35

To achieve moderate growth in the next three years, top Indian companies will require funds worth Rs 1.7 lakh crore towards working capital and capital expenditure, says a report.